Law & Guidance

Are you a lawyer, or a financial advisor, advising a client who owns Treasury securities, or a law student researching a paper? Or do you just want to read the laws and regulations on which our programs are based? Here's what you will find:

Authorizing Statutes

We use the Government Printing Office (GPO) website to link to the statutes.

Sale of Treasury Securities (31 U.S.C. Subtitle B, Chapter II, Sub-chapter B, Bureau of the Fiscal Service) authorizes the Treasury to borrow money through the sale of Treasury securities. (The Bureau of the Fiscal Service formerly was the Bureau of the Public Debt.)

The links to the statutes and regulations on this page will take you away from this site. The Government Printing Office (GPO) publishes the official texts.

Code of Federal Regulations (CFR)

Treasury regulations, or circulars, which carry out the statutes, are found in 31 CFR. We use Government Printing Office's GPO Access to connect to the regulations. You can also download many of the circulars related to Treasury regulations.

Series EE and HH savings bonds

Offering of Series EE (Part 351)
Describes the offering of definitive and paperless Series EE savings bonds, including available denominations and other attributes, and how we calculate and pay the interest earned.

Offering of Series HH (Part 352)
Describes the offering of Series HH savings bonds, including available denominations and other attributes, and how we calculate and pay the interest earned (no longer offered for sale).

Series I savings bonds

Offering of Series I (Part 359)
Describes the offering of definitive and paperless Series I savings bonds, including available denominations, other attributes of I bonds, and how we calculate and pay the interest earned.

Terms and conditions for Series I ( Part 360)
Describes the terms and conditions for Series I savings bonds, including registration restrictions, how the bonds are paid and to whom.

Government Securities Market Regulation

This section includes regulations governing: the sale and issuance of Treasury securities, Treasury's securities redemption (buyback) operations, the eligibility and valuation of securities pledged to Treasury's Fiscal Service Collateral Programs, and Government Securities Act regulations and interpretations.

Auction Rules (Uniform Offering Circular)
Terms and conditions for the sale and issue of marketable Treasury bills, notes, and bonds as well as a description of how they are auctioned, and the authorized payment methods.

Government Securities Act Regulations and Interpretations
Treasury's rules for government securities broker-dealers on financial responsibility, protecting customer securities and funds, record keeping, large position reporting, and financial reporting and audits. Also included are rules concerning custodial holdings of government securities by depository institutions.

Federal Register

The Federal Register provides public notice of all proposed and final changes to the Code of Federal Regulations, that may not have been added to the annual publication of the CFR. The Federal Register also provides notices and other important information that is not in the CFR.

A list of Federal Register items about the Bureau of the Fiscal Service (formerly Bureau of the Public Debt) and Treasury securities that have been published since July 1, 1996, are provided below. More Federal Register or Code of Federal Regulation (CFR) items can be found at the Government Printing Office (GPO) web site under Executive Resources.

Frauds, Phonies and Scams
If you have been presented with a suspicious Treasury Security that doesn't look right or have been invited to participate in a Treasury Securities transaction ''guaranteed'' to make lots of money, visit our web page related to ''frauds and phonies'' to read about fraudulent schemes and phony financial instruments.